New chief for NXP

 

NXP Semiconductors has appointed Richard L Clemmer as president and CEO of the firm, replacing Frans van Houten, who is leaving the company.

Clemmer is currently a member of NXP’s Supervisory Board, and was most recently chief executive officer of Agere Systems, the former semiconductor company of Lucent. At Agere he implemented a strategic and operational turnaround that ultimately resulted in an US$8 billion merger of equals with LSI.

Prior to Agere, he served as chief financial officer of Quantum Corporation where he led the implementation of the first Silicon Valley tracking stock and the US$2 billion merger with Maxtor Corporation. Before that, Clemmer spent 23 years at Texas Instruments where he worked as chief financial officer of the Semiconductor Group, and in various leadership positions.

He holds a bachelor’s degree in business administration from Texas Tech University and a Master’s degree in business administration from Southern Methodist University. He also serves on the boards of NCR Corporation and i2 Technologies.